Cosmos Interchain Foundation allocates $50M for ecosystem development in 2023

  • February 22, 2023
Cosmos Interchain Foundation allocates M for ecosystem development in 2023

The Interchain Stack is utilized by around 50 blockchains, including the Tendermint Core (and now CometBFT), Cosmos SDK, Cosmos Hub and the IBC protocol.

The nonprofit organization behind the creation of the Cosmos



interblockchain communications (IBC) ecosystem has committed to spending around $40 million in 2023 to develop its core infrastructure and applications, the Interchain Foundation (ICF) announced in a Feb. 20 Medium post

The ICF is also supporting the development of CosmWasm and Ethermint, the technologies the firm says have become the “foundations of smart contract and Ethereum Virtual Machine (EVM) compatible blockchains.”